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To: NOW who wrote (87689)3/29/2001 5:02:16 PM
From: pater tenebrarum  Respond to of 436258
 
like i said, it's possible. one thing is certain, April 6/9 is a HUGE turn.
i notice many traders are looking for a rally however, due to the need to work off oversold conditions, etc., and capitulations come when least expected. see the FF poll, which has a disproportionate amount of bulls vs. bears for several weeks now.
swing traders who try to bottom-fish...they may well be right this time, but note that their recent record bespeaks the fact that tried and true systems are in the process of failing.